CMA CGM acquires major Spanish rail operator to boost inland trade

CMA CGM buys Spanish rail operator

CMA CGM has improved its inland logistics offering by acquiring Continental Rail, one of the leading rail operators in Spain, through a purchase share agreement.

In a statement, CMA CGM said the agreement was signed on 30 June and is worth approximately €25 million ($29.57 million); it will be closed during the early part of Q3 2021.

This move into rail activity in Spain strengthens CMA CGM’s transport and logistics business, allowing it to offer its customers a range of comprehensive, agile and customized solutions, complementary to its current deep sea and short sea services, supporting its supply chain integrated solutions, it said.

Christine Cabau-Woehrel, Executive Vice President Industrial Assets and Operations of the CMA CGM Group, said, “Continental Rail represents a major new component of the CMA CGM Group’s inland strategy, in both operational and commercial terms.

“This expansion is a new milestone in the Group’s strategic development, with the aim of providing its customers with better ways through a complementary range of services covering both shipping and logistics.”

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